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Rolls-Royce impacted by new Covid-19 strain | UK Market Update
January 27, 2021 11:48 PM AEDT| By Team Kalkine MediaRolls-Royce impacted by new Covid-19 strain • Rolls-Royce has said that due to the new Covid-19 variants, its customers and cashflow are getting affected due to travel restrictions. • The company said it might lose £2bn ($2.7bn) thi...
Investors approve Cineworld’s bonus scheme | UK Market Update
January 27, 2021 04:32 PM AEDT| By Team Kalkine MediaInvestors of Cineworld, which is the largest cinema chain in the UK, have cleared an incentive scheme that could give top bosses shares worth more than £200m. • In October, Cineworld, hit by the pandemic-related uncertainties, has closed...
UK-based firms asked to set up hubs in EU. | UK |
January 25, 2021 09:39 PM AEDT| By Team Kalkine MediaFirms based in the United Kingdom have been asked to set up subsidiaries in the European Union in order to avoid disruptions under new trade rules. * HSBC officials face criticism over freezing accounts in Hong Kong The new law will empower the auth...
Next will not bid to acquire Topshop. | UK |
January 22, 2021 09:40 PM AEDT| By Team Kalkine MediaNext has declared that it would back out from the race to acquire Topshop, which is part of Arcadia, as rival bidders offered a better offer. * NS&I head expresses regret to savers after withdrawals Following withdrawals by the savers, NS&I...
SAGA customers must get vaccinated before the summer holiday trip. | UK |
January 21, 2021 09:40 PM AEDT| By Team Kalkine MediaSAGA Plc, one of the leading tour operators, has directed that all its customers must get vaccinated to travel with them in summer. Unilever reiterate its wider inclusivity drive Unilever has reiterated its wider inclusivity drive and stated that by...
MGM Resorts won’t bid for gambling firm Entain. | UK |
January 20, 2021 10:03 PM AEDT| By Team Kalkine MediaLas Vegas-based casino operator MGM Resorts has decided not to go further in the bidding process for UK gambling company Entain after its initial £8.1bn offer was rejected. HSBC asks more customers to go online as it plans to close 82 high str...
EasyJet see huge surge in summer holiday bookings. | UK |
January 19, 2021 10:01 PM AEDT| By Team Kalkine MediaEasyJet, the budget airline has fuelled the hopes of the aviation industry, there has been a 250 percent surge in its summer booking with the holiday arm. LSE planning to revamp its IPO process At present, a company takes five weeks to finally get l...
Topshop empire up for sale. | Kalkine Market Update UK |
January 18, 2021 09:11 PM AEDT| By Team Kalkine MediaNext has joined hands with US-based Davidson Kempner and is pitted against Authentic Brands, which has joined hands with JD Sports for a deal. * G4S takeover bid under the lens The company is at present considering two private-equity backed bids &nd...
How has recent lockdown measures impacted the UK’s economic growth?
January 18, 2021 09:07 PM AEDT| By Team Kalkine MediaThe UK economy is facing challenges due to strict social-distancing rules. As per the latest data, the UK’s economy dipped by 2.60% in November. The British economy might shrink into a double-dip recession post suffering the worst hit in Novemb...
Lockdown prompt surge in sales at Lidl, just eat. | UK |
January 15, 2021 10:33 PM AEDT| By Team Kalkine MediaJust Eat Takeaway.com reported a 57% spike in orders across Europe between September and December as compared with the same period of 2019. Boohoo sales surges in Christmas season Boohoo sales surged by at least 40 per cent in period preceding Chris...
Is GSK evaluating another step to probe Covid-19 treatment?
January 15, 2021 03:40 PM AEDT| By Team Kalkine MediaThe UK based renowned drugmaker GlaxoSmithKline and US-based Vir Biotechnology are set to examine a second antibody-based treatment. The test would be conducted in patients with mild to moderate symptoms of Covid-19....
Debenhams to shut six of its stores permanently. | UK |
January 14, 2021 09:52 PM AEDT| By Team Kalkine MediaThe branches at Portsmouth, Weymouth, Worcester, Staines and Harrogate will be closed soon. * Shakira sells publishing rights to Hipgnosis Shakira is one of the most popular female Latin singers and has more than 80 million album sales. * Unilever...
Citizens UK reports 410,000 UK supermarket workers earn less than real living wage. | UK |
January 13, 2021 08:58 PM AEDT| By Team Kalkine MediaA new report by Citizens UK disclosed that major UK supermarkets had paid their workers less than the real living wage in April last year. * John Lewis temporarily stops click and collect service John Lewis has come forward to support the lockdown m...
Sainsbury's to enforce strong mask rules. | UK |
January 12, 2021 08:35 PM AEDT| By Team Kalkine MediaThe supermarket major said that they would deploy trained security guards at shops who would tackle customers not wearing masks. * Signature Aviation gets $4.6bn takeover bid from GIP GIP, one of Gatwick airport’s owners, said some of the feat...
Investors ask HSBC not to lend to coal firms. | UK |
January 11, 2021 07:37 PM AEDT| By Team Kalkine MediaInvestors have asked HSBC to stop lending to fossil fuel companies, especially those in the highly polluting coal sector. * Ocado warns of missing items in its stores Ocado has said that the UK supply chain has been affected, which may result in an...
Mitchells & Butlers asks for emergency funds. | UK |
January 08, 2021 09:16 PM AEDT| By Team Kalkine MediaM&B said it is left with only £125 million despite cutting all possible costs and drawn on all its lending facilities. B&M owners take £30m payout after Christmas sales The Arora brothers will receive the latest payout as part of...
CMA starts probe into Nvidia's $40bn takeover of Arm. | UK |
January 08, 2021 02:29 AM AEDT| By Team Kalkine MediaThe Competition and Markets Authority has launched a probe into the £29.5bn takeover deal of the UK-based chip designer Arm by Nvidia. M&S to acquire clothing chain Jaeger Marks and Spencer will acquire London-based clothing chain Jaeger a...
Ryanair under lens over holiday ads for Easter. | UK |
January 06, 2021 09:06 PM AEDT| By Team Kalkine MediaThe Advertising Standards Authority (ASA) said it has received around 1,600 complaints about the ad so far. * Paperchase on the brink of administration A statement issued by the company said the cumulative effects of lockdowns and current restrictio...
Aldi reports record Christmas sales in 2020. | UK |
January 05, 2021 10:56 PM AEDT| By Team Kalkine MediaAhead of Christmas, Aldi scheduled different slots for the busy Christmas shopping period with incentives such as digital queueing systems. French unit of M&S says post-Brexit rules disrupting supplies Marks & Spencer’s one of the Pari...
MGM Resorts to buy British gaming company Entain. | UK |
January 04, 2021 10:14 PM AEDT| By Team Kalkine MediaMGM Resorts International is mulling to buy British gaming company Entain plc, the owner of gambling brand Ladbrokes, which has a market value of about $9 billion. Dogger Bank's giant turbines set to change UK renewable energy field Almost 200 turbi...
AI on the Rise: A Look at Top AI Companies and Their Stocks